Learn About Annuties and More WFG revised
Learn about Annuities and More with WFG
Attending a WFG convention provides an opportunity for associates to meet with product providers and learn more about the financial products available for them to use when helping families strategize their financial futures. The WFG convention is also an excellent place to hear why starting a career in the insurance and financial services industry is possible for many people from all walks of life. What is most important is that the men and women who make up the thousands of World Financial Group associates are knowledgeable about the wide variety of products, services, tools and lifestyle changes that can help their clients reach their individual goals.
One of these important financial tools is the annuity – an insurance contract that is used to insure a source of income for the policyholders in the future, typically after retirement. For many people, the life annuity is the ideal choice in this sphere of products and services.
What is a Life Annuity?
A life annuity is a type of insurance policy that pays out a predetermined amount in monthly installments until the policyholder and/or his or her spouse passes away. During the savings or accumulation phase of the annuity, the policyholder typically pays into the policy on a regular basis, and those funds are invested and can grow over time. However, some policy purchasers may choose to deposit one large lump sum at the beginning of the accumulation period that then can grow over time.
The Benefits of Life Annuities
For someone who wants the certainty of knowing they will receive a consistent monthly payment for the duration of their life after retirement, the life annuity can be a very beneficial financial product.* Annuities are also tax-deferred, which can be helpful for someone who has a large amount of wealth he or she wants to protect and save for a later point in life. There are various choices in terms of how the funds from the annuity are distributed, as well, which provides greater freedom for the policyholder to plan a strategy that best works for him or her.
The payments can be structured to continue until the annuitant dies. Some accounts may provide higher payments but not provide any income to beneficiaries after the annuitant’s death. Other policies pay the remaining balance to chosen beneficiaries. There are also policies that provide payments to two or more people.
*All guarantees are based on the claims-paying ability of the issuing company.
Tax and/or legal advice not offered by World Financial Group, Inc. or their affiliated companies. Please consult with your personal tax professional or legal advisor for further guidance on tax or legal matters.
World Financial Group, Inc. (WFG) is a financial services marketing company whose affiliates offer life insurance and a broad array of financial products and services. Securities are offered through World Group Securities, Inc. (WGS), Member FINRA/SIPC. Insurance products are offered through World Financial Group Insurance Agency, Inc. (WFGIA) or its subsidiaries. In California such services are provided under the name World Financial Insurance Agency, Inc. WFG, WGS, WFGIA are affiliated companies.
Headquarters: 11315 Johns Creek Parkway, Johns Creek, GA 30097-1517. Phone: 770.453.9300.
Author:
Today was a great day of learning for WFG associates as several breakout sessions were in full swing for the second-to-last day of the WFG Convention of Champions 2011. Top field leaders, WFG’s rising stars and headquarters executives offered tips, strategies and thoughts on the future of World Financial Group to crowded rooms of eager associates who want to build a stronger, greater business with this company.
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